Picton Mahoney Asset Management Has $26.90 Million Stake in Mastercard Incorporated (NYSE:MA)

Picton Mahoney Asset Management lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,066 shares of the credit services provider’s stock after selling 12,503 shares during the period. Mastercard makes up 0.7% of Picton Mahoney Asset Management’s portfolio, making the stock its 11th biggest position. Picton Mahoney Asset Management’s holdings in Mastercard were worth $26,897,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after purchasing an additional 791,799 shares during the last quarter. Lone Pine Capital LLC increased its position in shares of Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after purchasing an additional 569,534 shares during the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after purchasing an additional 428,627 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded up $3.76 during trading on Tuesday, reaching $453.13. 2,345,329 shares of the company traded hands, compared to its average volume of 2,471,482. The company’s 50 day moving average is $468.64 and its two-hundred day moving average is $439.23. The firm has a market capitalization of $422.72 billion, a PE ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.80 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lowered their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $496.27.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the completion of the sale, the insider now directly owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the completion of the sale, the insider now directly owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders sold 872,088 shares of company stock worth $395,452,118. 0.13% of the stock is currently owned by company insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.